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Sinoma International Engineering Co Ltd to Acquire Stake in Hazemag& EPR GmbH


Monday, 2 Sep 2013 08:00pm EDT 

Sinoma International Engineering Co Ltd announced that it has signed a contract with Schmidt, Kranz& Co. GesellschaftmitbeschränkterHaftung, to acquire 1,230,770 shares in Hazemag& EPR GmbH for EUR 26 per share (EUR 32,000,020.00 in total) by March 31, 2014 and launch a capital injection for 769,230 shares of Hazemag at EUR 26 per share (EUR 19,999,980.00 in total) on March 31, 2014. As a result, the Company will hold a 29.55% stake in Hazemag. The Company will also acquire 2,000,000 shares in Hazemag for EUR 26 per share (EUR 52,000,000.00 in total), during the period from November 30, 2014 to February 28, 2015. As a result, the Company will hold 4,000,000 shares (a 59.09% stake) in Hazemag with a total transaction price of EUR 104 million. 

Company Quote

13.74
1.25 +10.01%
19 Dec 2014